Current Category

Credit

Credit is the hub of the wheel of the mortgage process. Credit is an accounting of all your debts that you’ve held in the past and that you currently hold. The credit reports show all of these accounts along with your payment history on those accounts. It shows what...

Collateral

When someone talks about “collateral” on your home loan they’re talking about the property, the house itself, the reason for all this hullabaloo. Since the collateral (the house and the land it’s on) is what is used to secure your home loan (like a car is the...

Child Support and Alimony

Child Support and Alimony - Qualifying Income Documentation Mortgage lenders can use child support and alimony income as qualifying income as long as we have proof of continuance for the next three years. Lenders will require a copy of your divorce decree and support...